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PES regrets inconsistency of European Commission on Youth Guarantee

The Party of European Socialists welcomes the European Commission’s positive assessment of the Youth Guarantee programme but regrets the lack of financial support consistent with that assessment.

PES President Sergei Stanishev said: "Commissioner Thyssen’s line is at least surprising: ‘the plan is successful, therefore we are going to reduce its funding. We don’t support the Commission’s reverse logic. On the contrary, we think we should increase the funding to €20 BN, so that all young people who need it can benefit from the Youth Guarantee in this long lasting crisis."